Bug Crowd Reports

Main Menu

  • Export
  • Force Majeure
  • Limited Flexibility Exchange Rate System
  • Price Discovery
  • Fund

Bug Crowd Reports

Header Banner

Bug Crowd Reports

  • Export
  • Force Majeure
  • Limited Flexibility Exchange Rate System
  • Price Discovery
  • Fund
Price Discovery
Home›Price Discovery›Altcoin built on Ethereum explodes into the stratosphere with a 425% rally as two crypto exchanges boost adoption

Altcoin built on Ethereum explodes into the stratosphere with a 425% rally as two crypto exchanges boost adoption

By Merry Smith
April 6, 2022
0
0

A decentralized exchange (DEX) that offers cross-chain swaps is skyrocketing after its native token received the green light from a pair of cryptocurrency markets.

TitanSwap (TITAN) first dropped a index via Twitter on March 31 that an exchange listing was imminent as TITAN was trading at around $1.25.

The altcoin then steadily hit a price around $2.00 until yesterday, when two major announcements suddenly sent the DEX soaring to highs it hadn’t seen since September 2021.

First, Seychelles-based cryptocurrency exchange KuCoin has announced that it is making TITAN available in a Tether (USDT) trading pair.

📢 New Announcement$TITAN @TitanSwapOrg is listed on #KuCoin!

🔹Pair: TITAN/USDT
🔹Depot: now open (network: ERC20)
🔹Trading: 10:00 a.m. on April 6, 2022 (UTC)

#To exchange #DAO #DEX

— KUCOIN (@kucoincom) April 5, 2022

Then, the South Korean digital asset market Bithumb also announcement it would add TITAN to its list of crypto assets, opening trade with Bitcoin and Korean Won pairs.

A week-long rally saw TitanSwap surge 425.6% from a low of $1.21 to a high of $6.36 when news of the listings surfaced.

According to the project website, TitanSwap offers Automated Market Maker (AMM), Automated Liquidity Mining, and Decentralized Autonomous Organization (DAO). The DEX was built on the Ethereum (ETH) network and TITAN offers voting rights to holders as well as rewards to liquidity providers.

The TitanSwap White Paper strong points many of the unique features of the crypto project, including its adaptive bond curve.

“TITAN’s adaptive bond curve combines greater liquidity and better price discovery for different asset classes.

Layer 2 support leverages the Layer 2 protocol to greatly increase the efficiency of on-chain clearing and settlement and effectively reduce gas consumption before ETH 2.0.

TITAN has since corrected but still remains up 95.43% on the day, trading at $4.50 at the time of writing.

Check Price Action


follow us on Twitter, Facebook and Telegram

Surf the Daily Hodl Mix

 

Check the latest news headlines

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/Mykola Holyutyak/Sensvector

Related posts:

  1. Procure to Pay Automation – High Precedence for Massive Companies
  2. Food Security and Markets: Understanding the Protests over India’s Changing Social Contract with Farmers
  3. Success of REITs Paves the Approach for Progress of Business Area
  4. ASX Inventory of the Day: Ainsworth Recreation Know-how (ASX: AGI) Shares Improve 11%

Categories

  • Export
  • Force Majeure
  • Fund
  • Limited Flexibility Exchange Rate System
  • Price Discovery

Recent Posts

  • Friktion partners with Paradigm to bring institutional liquidity to DeFi
  • Ukraine halts key Russian gas transit to Europe, Moscow accuses
  • We’re here to help farmers make the most of lucrative export opportunities – Patrick Hughes
  • Twist Bioscience (NASDAQ:TWST) Price Target Cut to $40.00 by Barclays Analysts
  • KOFI Coffee Roasters Target Export Markets
  • Privacy Policy
  • Terms and Conditions